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If you hold stock in a closely held business, you may be able to use that stock as a powerful way to support our future.
Closely held stock* is most often used to support our work in the form of an outright gift. You can make a gift of closely held stock as long as the constituting documentation for the business permits additional owners and it is debt-free. The donation of closely held stock first requires you to value the interest in the business entity.
Review this checklist to see if you may benefit from donating closely held stock. Then, consult your professional legal and tax advisors to see how to maximize the benefits of this tax-efficient strategy for making a difference.
Click on the links below to see the additional ways to fund your gift with closely held stock:
*A gift of closely held stock requires special handling, so you should always consult with your legal or tax advisor first.
Legal name: Gleaners Community Food Bank Inc. of Southeastern Michigan
Address: 2131 Beaufait, Detroit, MI 48207
Federal tax ID number: 38-2156255